Debtor
Definition: A person or entity that owes money to another party. In accounting, debtors are recorded as accounts receivable on the creditor's balance sheet.
ModerateEasy
A person or entity that owes money to another party. In accounting, debtors are recorded as accounts receivable on the creditor's balance sheet.
Related Subjects
Related
- Accounts ReceivableThe debtor is the party who owes the receivable
- Maker of the NoteThe maker of a note is the debtor
- Notes ReceivableA debtor may owe via a formal promissory note
Contrast
- Payee of the NoteThe payee is the creditor; the debtor owes the money
External Links
- Debtor — Wikipedia